Barlow Wealth Partners Inc. Buys 96,573 Shares of Exxon Mobil Corporation (NYSE:XOM)

Barlow Wealth Partners Inc. boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 480.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,669 shares of the oil and gas company’s stock after buying an additional 96,573 shares during the period. Exxon Mobil makes up 1.6% of Barlow Wealth Partners Inc.’s holdings, making the stock its 28th largest position. Barlow Wealth Partners Inc.’s holdings in Exxon Mobil were worth $12,667,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc. increased its position in Exxon Mobil by 8.3% during the 1st quarter. Mountain Capital Investment Advisors Inc. now owns 2,720 shares of the oil and gas company’s stock valued at $295,000 after buying an additional 209 shares in the last quarter. D.A. Davidson & CO. increased its position in Exxon Mobil by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 435,551 shares of the oil and gas company’s stock valued at $51,800,000 after buying an additional 1,804 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in Exxon Mobil by 17.2% during the 1st quarter. Rosenberg Matthew Hamilton now owns 13,412 shares of the oil and gas company’s stock valued at $1,595,000 after buying an additional 1,966 shares in the last quarter. Xcel Wealth Management LLC increased its position in Exxon Mobil by 137.5% during the 1st quarter. Xcel Wealth Management LLC now owns 5,398 shares of the oil and gas company’s stock valued at $642,000 after buying an additional 3,125 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its position in Exxon Mobil by 17.0% during the 1st quarter. MBM Wealth Consultants LLC now owns 3,111 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 452 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.40.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.15 on Friday. The company has a market capitalization of $483.33 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50. The business’s 50 day moving average is $107.32 and its two-hundred day moving average is $108.52. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.06 earnings per share. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.